Tribeca Resources Announces Non-Brokered Private Placement of up to C$5M

Core Viewpoint - Tribeca Resources Corporation plans to complete a non-brokered private placement of up to 23,809,523 units at a price of $0.21 per unit, aiming for gross proceeds of up to $5,000,000, with a minimum subscription amount of $2,000,000 [1][3]. Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.30 within the first 12 months and $0.40 in the subsequent 12 months, totaling a 24-month exercise period [2]. - The offering is being conducted under the listed issuer financing exemption and the securities will not be subject to a hold period under Canadian securities laws [3]. Use of Proceeds - The gross proceeds from the offering will be allocated for exploration activities at the La Higuera Project and the Jiguata Project, as well as for general working capital [4]. Finder's Fees - The company may pay finder's fees of up to 6% of the gross proceeds and finder's warrants equal to up to 6% of the shares issued, in accordance with applicable securities laws [5]. Closing Information - The closing of the offering is expected around October 29, 2025, subject to certain conditions including TSXV approval [6]. Insider Participation - Certain directors and management are expected to participate in the offering, which may be considered a related party transaction but will be exempt from formal valuation and minority shareholder approval requirements [7]. Project Acquisition - The company has extended the deadline to enter into a definitive agreement for the acquisition of the Jiguata Project to October 31, 2025 [8]. Company Overview - Tribeca Resources is focused on copper exploration in northern Chile, aiming to develop a portfolio of mid to advanced-stage copper projects [9][11]. - The flagship property, La Higuera Project, spans 4,147 hectares in the Chilean Coastal IOCG Belt [12].